Back
11 Sep 2013
GBP/JPY is mving higher in the 158.00 handle
FXstreet.com (London) - GBP/JPY is performing well, continuing on the bid throughout global sessions and has moved to levels not seen since May this year.
The GBP is trading broadly higher on the back of better than expected unemployment data, explained research teams at TD Securities. The unemployment rate dropped to 7.7% in August from 7.8% (nearer the BoE’s 7% “threshold”). “Sterling gains perhaps more sustainable on the crosses (EUR) than versus the USD as the Fed nears its tapering”. Meanwhile, USD/JPY continues to flirt with the 100 handle, and has in fact made a high of 100.62. It is struggling to hold the handle mind you, and has not held north of there since late July.
GBP/JPY levels
The 20 DMA is 153.95, the 50 DMA is 152.15 and the 200 DMA is 147.65. RSI (14) reads 61.82. Supports are ascending from 155.20, 155.50, 156.20, 156.65. Spot is currently 158.20 while resistances are coming in at 158.90, 160.40 and 161.40.
The GBP is trading broadly higher on the back of better than expected unemployment data, explained research teams at TD Securities. The unemployment rate dropped to 7.7% in August from 7.8% (nearer the BoE’s 7% “threshold”). “Sterling gains perhaps more sustainable on the crosses (EUR) than versus the USD as the Fed nears its tapering”. Meanwhile, USD/JPY continues to flirt with the 100 handle, and has in fact made a high of 100.62. It is struggling to hold the handle mind you, and has not held north of there since late July.
GBP/JPY levels
The 20 DMA is 153.95, the 50 DMA is 152.15 and the 200 DMA is 147.65. RSI (14) reads 61.82. Supports are ascending from 155.20, 155.50, 156.20, 156.65. Spot is currently 158.20 while resistances are coming in at 158.90, 160.40 and 161.40.